Renewable Energy Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Renewable Energy Industry

European Renewable Energy Trends in 2024

Renewable Energy is part of Energy and includes a number of sub-sectors such as Geothermal Energy, Solar Energy, Wind Power, Hydropower and Bioenergy. You may also be interested in Nuclear Power, Electric Power and Coal.

European renewable energy generation is projected to reach approximately 1,520 terawatt-hours by 2028, a significant increase from around 1,150 terawatt-hours in 2023. This marks an average annual growth rate of 4.5%. Since 1970, the European renewable energy supply has seen an annual increase of 8.6%. In 2023, Germany led the continent with 276 terawatt-hours of renewable energy generated. The United Kingdom, Spain, and France followed in second, third, and fourth places, respectively. Notably, Ukraine experienced a dramatic year-on-year increase of 54.5%, while Latvia saw a slight decline of 0.4% since 1970.

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In 2024 major markets in the Renewable Energy Industry were:

Renewable Energy Market Data and Forecasts

How much the Renewable Energy industry is expected to grow to 2028?

Forecast: Renewable Power Generation in Europe
Forecast: Renewable Power Generation in the EU
Forecast: Renewable Power Generation in Germany
Forecast: Renewable Power Generation in the UK
Forecast: Renewable Power Generation in Spain
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What are the world's biggest Renewable Energy markets?

European Renewable Power Generation by Country
European Hydro Power Production by Country
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Global Renewable Energy Statistics

Global Renewable Energy Industry Database